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and I bet his compliance officer went over all this before he appeared on the show, and that the SEC looked at it when they had their "annual" review, because believe or not, all those asset management firms do get visited by the SEC regularly, and they check everything. The usual clueless...

they were from day 1, how did you expect they paid for all this without charging commissions? you clueless millennials are so fooking naive and cute with all your free apps :)

I have to admit that this GME thing is really putting the financial world upside down, and it's quite amusing :)

he didn't speak about specifics, just made broad predictions. That's not illegal. If he was on TV, saying I am buying this, this and this, without proper disclosure and have his compliance officer approve his speech, them yes, he would be fined by the SEC. Look at what happened to TELSA boy on...

the idea is quite funny, and yes it's brilliant. But it's sill illegal, and abusing the system. It's like watching the underdog robbing the bank, yes it has poetic justice, yet, it's still a crime :)

I bet he would give a fuck, the CFA is a lot of hard work, unless it was another of his lies :)

if they did, and their compliance department didn't approve the move or justify such erratic moves, they could themselves be in trouble

since you are a CFA chartholder, I hope you disclose your holdings or conflict of interests when you mention stocks or your game on ET :)

then you know what I am saying is true. Remind us again, how much of the score is on "ethics" and "compliance" ? :)

if you don't disclose while addressing a large audience (say SA), then you might be considered by regulators as an "unregistered" advisor. if you talk to an audience and "sell" stock ideas, then you are an investment advisor. And you must register in your state. Period. That's the law.

it's a professional designation for investment professionals, with a heavy tilt to compliance and ethics, and a code of conduct perception

I hear you, but it doesn't work that way for regulators. If he worked in a professional capacity, previously, he is still bound to a professional code of conduct, even after he leaves. And he knows it. He is also a CFA chartholder, which makes things worse for him, because this kind of attitude...

exactly, let's see. I predicted 3 years ago that the SEC would fine RH, and people thought I was crazy :p they just paid a 38M USD fine, and this is just the beginning, the MA regulator are on their case, and it will be far worse :p

he might be losing his CFA chartholder designation with that shit, he violated quite a few chapters of the CFA code of conduct with those YT videos :)

you probably not paying attention, but CFAs not employed by an asset management firm posting online always disclose their holdings or conflict of interests. If they are part of a financial organization, they need to write their shit and go through an approval process with compliance at their...

You can write puts or calls all you want, and that's fine, there might be someone ready to buy your "premium" the problem is getting out, if things go wrong. The way options are structured, it makes the whole thing a big binary payoff. Not really a long term strategy or a wise long term move...

told you already, for professional journalism, there is an SEC exception, it's called the "publisher" exception, but you need to be a journalist or part of a press organization. Cramer is part of a press organization and protected by it. Yet, he is still required to disclose certain things...

Kitty Roaring will be probably get fined 100M USD by the SEC for his little stunt :) let's see if the rule doesn't apply to him or his followers :p

LOL, try that with the SEC and you will end up in jail. Don't think it was never used before. I actually know someone who used that line in his SEC trial, and he got the "max" penalty :) now, who is the clown :lol:

you need to get yourself familiar with SEC regulations, and you will find out that the definition of "investment advice" and "market manipulations" is quite broad, and that "unregistered" investment advisors can be "regular" people "selling" their ideas on a public medium. To make things worse...